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Oil Jumps as U.S. Imposes 25% Tariff on Countries Trading With Iran

Prices reflect a larger risk premium after Washington’s order signaled tougher enforcement around Iranian trade links.

Overview

  • Brent settled at $65.47 and WTI at $61.15 on Tuesday, both up roughly 2.5%–2.8%, reaching the highest levels since November.
  • President Donald Trump said the tariff takes effect immediately and reiterated that the U.S. is closely watching unrest in Iran with possible retaliation under review.
  • Conflicting reports on protest casualties in Iran persist, with figures from NGOs, activists and Iranian authorities diverging widely and complicating policy responses.
  • Reuters reported four Greek-managed tankers were struck by unidentified drones in the Black Sea en route to a Caspian Pipeline Consortium terminal, heightening supply-security concerns.
  • U.S. CPI rose 0.3% in December with core at 0.2%, and interest-rate markets now fully price a Federal Reserve cut by June as Petrobras shares rallied on the oil move and broader tariff news.